“Costco gets creative to meet shoppers’ huge appetite for organics”
Janet I. Tu, Seattle Times
This provides an example of how traditional market forces can be harnessed in innovative ways to support alternative production methods that improve social equity and environmental sustainability. As a group of investors looking to meet similar goals, CFFP can partner with and equip other local retailers and distributors to create similar programs.
Article Summary: “While organic food sales reached nearly 5 percent of total food sales last year, organic farmland makes up only about 1 percent of U.S. farm acreage.” Demand far exceeds production, and retailers are now playing an important role in bridging that gap. Companies including Costco, Whole Foods, and PCC are employing a number of creative mechanisms that help farmers acquire land, scale up, or transition to organic farming. Techniques include land and equipment loans as well as creation of farmland trusts.
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